Gold futures finished lower on Wednesday, pressured by the strength in dollar and as Federal Reserve kept the interest rate high. The US Central bank Chair also pointed that it may further increase in borrowing costs. However, slide in bond yield notes limited some losses in the session.
Gold futures for December delivery dipped by $6.80. or 0.56% to $1987.50 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.80 points or 0.24% to $1,992.30 per ounce.